Extended Stay Report

Extended Stay: UK Stock set to double December 2015

The serviced apartment sector is set to expand faster than any other segment of the UK hospitality market over the next two years according to new research from Savills and ASAP. The report forecasts a growth in supply of 8.4% per annum by the end of 2017 based on known planning consents, outpacing the 6% anticipated for budget hotels and 2.6% average across all hotel types.